Importance Of GRC

The Internal Audit profession is in a state of transformation hence we should embrace Smarter Faster and Better ways of performing Audit.

With companies adopting complex ERPs and IT enabled services, it’s critical to develop a way to sustain newly designed processes and controls.

In addition to control rationalization and improving control process efficiency, further automation of controls can reduce the number of worker hours required to operate and test those controls.

By developing a centralized multi-compliance framework (across Legal, HR, IT, and Finance functions), you can reduce planning oversight, reporting, testing, and overall compliance management, as well as lower the costs of operating controls across an organization.

Often, internal and external audit contain duplicative efforts. Having a centralized control platform with Process Controls allows you to integrate internal and external audit activities and simplify the procedures.